TX Senate
Texas Senate winner? (2026)
5568k contracts traded · 3636k open
Texas turned into a live toss-up the moment Ken Paxton — not incumbent John Cornyn — emerged as the Republican nominee, resolving the year-long intraparty fight toward the riskier candidate. It is now Paxton against Democrat James Talarico in a state that still leans red but no longer prices as a lock, and the contract has tightened well inside the band where a few points of national environment decide it. Read the live price as the market’s real-time referendum on whether a polarizing nominee can hold a seat a generic Republican would win comfortably.

John Cornyn
Holds the seat and is on the 2026 ballot — read the live board below for the current market favorite.
Texas Senate winner? (2026)
5568k contracts traded · 3636k open
How to read this
Each contract pays $1 at resolution, so the price in cents is the market’s implied probability — a 58¢ contract is a 58% chance. When the leading price sits near 50¢, the market is telling you the race is a genuine coin flip.
The live board above shows the current market favorite — read each contract’s price as the market’s implied probability, so a 55¢ contract is a 55% chance. Going into the cycle the seat is held by John Cornyn (Republican) and rated likely r; because a real-money market reprices continuously, take today’s favorite off the price, not a static rating.
Kalshi lists the Texas Senate winner as a set of YES/NO contracts, one per outcome, each settling at $1 if it happens and $0 if it doesn’t. Buy the side you think is underpriced relative to your own probability, and the difference between your estimate and the market price is your edge. Kalshi is CFTC-regulated and open to traders in all 50 states; every price on this page links straight to the live market.
Prediction markets had a strong 2024 — Kalshi and Polymarket called all seven swing states correctly the night before, often while the polling averages were still split. Our full state-by-state scorecard, including where the markets missed, is in the 2024 accuracy audit linked below, and it’s the best base rate for how much to trust the Texas contract this cycle.
Get The 7 Oracles newsletter — midterm market alpha, free
No spam. Unsubscribe anytime.